According to Central Re executive vice president Terry Ho, the challenges of climate risk in Asian markets "are quite different from those seen in American and European markets".
Sustainable bond issuance in the Middle East is down from the same period a year earlier, and could require acceleration in implementing net zero polices to really take off, despite government initiatives and increasing alignment with sustainability strategies, or even regulatory requirement, according to a report released yesterday by S&P Global Ratings.
The Insurance Council of Australia (ICA) has released a report on nature and insurance, highlighting why nature is important for insurers in the context of increasing nature-related risk.
HSBC Life Singapore has appointed Mr Lu Ouling as chief product propositions officer and Mr Michael Wei as chief partnership distribution officer.
Climate change has emerged as the top concern for APAC CEOs, according to the findings of a global survey of CEOs by Egon Zehnder, an international leadership advisory firm.
The Finance and Expenditure Committee of the New Zealand Parliament yesterday issued its final report on a cross-party inquiry into climate adaptation. Among its recommendations is the proposal for the government to investigate the idea of proactive financing instruments, working alongside insurance companies and banks.
To promote Tokio Marine Group's initiatives to tackle climate change in relation to insurance underwriting, the Japanese non-life insurance giant has set a group-based target for decarbonisation-related insurance premiums as an interimgoal towards realising a decarbonised society, announced Tokio Marine Holdings president and group CEO Satoru Komiya.
Prudential plc has committed up to $150m to a climate-focused strategy managed by global investment firm KKR, which seeks to make infrastructure equity investments in Asia focused on the energy transition, including climate adaptation, climate mitigation and the brown-to-green transition.
Sixty percent of APAC executives agree that geopolitics is driving a slowdown in their organisation's sustainability investments/projects, according to a global report by The Capgemini Research Institute.
The Ministry of Economy and Finance, Bank Al-Maghrib (BAM), the Insurance and Social Security Supervisory Authority (ACAPS) and the Moroccan Capital Market Authority (AMMC) have adopted a new strategy for the development of climate finance by 2030.